SIPs and mutual funds are the same? No they’re not! Well that’s what most of the prospective investors think, but, there is actually a difference. SIPs are just a method of investing into mutual funds (MFs). With Systematic Investment Plan or SIP is a process of investing a fixed sum of money in mutual funds at regular intervals. SIPs enables you to invest weekly, quarterly, or monthly in mutual funds.
With SIP calculator tool you can determine the returns you can benefit from when parking your funds in such investment tools.
SIP investments in mutual funds is indeed a very popular investment option for millennials these days. A SIP Calculator is a simple tool that enables individuals to find out about their profits earned on their mutual fund investments made through SIP.
Potential investors can review and estimate their mutual fund investments with help of these mutual fund SIP calculators. However, there are various factors on which the actual returns offered by a mutual fund scheme depends. Because SIP calculators does not provide clarification for the exit load and expense ratio (if any).
The wealth gain and expected returns for your monthly SIP investment can be calculated with this SIP calculator. Without a doubt, you get a good guess on the development sum for any of your month to month SIP, in light of a projected yearly return rate.
Several mutual fund experts have claimed that SIPs are a more rewarding method of effective money management compared to a lump sum amount. With SIPs you can become financially disciplined and create a habit of reserve funds that can help you later on.
With the help of SIP Calculator tool you can show the estimated returns you will procure after the investment period.
Here are some of the benefits of SIP Calculator listed below: -
SIP plan calculator is based on the following formula: -
M = P × ({[1 + i]n – 1} / i) × (1 + i).
Here: –
The rate of interest on a SIP will vary in contrast with the pre market conditions. It might increase or decrease, which will change the estimated returns.
You only require a few clicks to use FlipItMoney’s SIP amount calculator. Simply enter the monthly invested amount (it is that amount by which you have started the SIP), the number of years for which you want to stay invested, and the expected rate of return. The calculator will run as soon as will enter the value to show you the estimated amount you can avail after the tenure of your investment is over.
FlipItMoney’s SIP calculator comes with following benefits: -
FlipItMoney’s SIP Calculator ensures that your savings portfolio is as per your requirements and financial needs.
SIPs are available in the market in different types such as -
No. There is option to invest in debt and hybrid mutual funds through SIP.
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